Baby Fund

Is anyone else out there starting to think finances for the little one we all hope to bringing home one day? Just wondering what you guys were doing to start preparing? I called today to see what my mat leave coverage would look like... About 40% of what I'm used to making.... Now I'm starting to think I should start putting away money now before we even start ttc!

Is anyone else out there starting to think finances for the little one we all hope to bringing home one day? Just wondering what you guys were doing to start preparing? I called today to see what my mat leave coverage would look like... About 40% of what I'm used to making.... Now I'm starting to think I should start putting away money now before we even start ttc!

Hi! I feel where u are coming from. Haven't started TTC YET, but will soon. Right now im socking away $100/mo in savings. once we zero out our credit debt in the spring, i'll be putting away more. I have an aflac short term disability policy thru my job that will cover for 6-8 weeks of maternity leave...but only at 60% of my paycheck. I have health insurance, but even though i have to meet a deductible, it will help ALOT w/ medical bills. Im looking into finding another personal/private short term disability policy, if possible. Try not to get overwhelmed and save what u can, when u can!

Hi! I feel where u are coming from. Haven't started TTC YET, but will soon. Right now im socking away $100/mo in savings. once we zero out our credit debt in the spring, i'll be putting away more. I have an aflac short term disability policy thru my job that will cover for 6-8 weeks of maternity leave...but only at 60% of my paycheck. I have health insurance, but even though i have to meet a deductible, it will help ALOT w/ medical bills. Im looking into finding another personal/private short term disability policy, if possible. Try not to get overwhelmed and save what u can, when u can!

I've also been putting money aside in preparation of a pending arrival. I live in Canada, so thankfully all our medical care is paid, even a midwife. I plan on taking the complete 1 year of maternity leave, but it only pays a maximum of $450 a week, so I've been putting aside money to make up the difference.

I don't think it hurts to put away money, after all it will take some time to adjust to the additional cost of another person. That's why I don't understand why people that can't afford a blood test are TTC.

I've also been putting money aside in preparation of a pending arrival. I live in Canada, so thankfully all our medical care is paid, even a midwife. I plan on taking the complete 1 year of maternity leave, but it only pays a maximum of $450 a week, so I've been putting aside money to make up the difference.

I don't think it hurts to put away money, after all it will take some time to adjust to the additional cost of another person. That's why I don't understand why people that can't afford a blood test are TTC.

Yes I too live in Canada! I'm so thankful to have the medical costs covered, it's the following year that I'm trying to prepare for! I'll be getting the same $450/week... And will take the full year too. My DH makes good money, but I don't want all the burden to land on him or to drain our savings... Does anyone have any clue on a first year cost?

Yes I too live in Canada! I'm so thankful to have the medical costs covered, it's the following year that I'm trying to prepare for! I'll be getting the same $450/week... And will take the full year too. My DH makes good money, but I don't want all the burden to land on him or to drain our savings... Does anyone have any clue on a first year cost?

Apparently, you can expect about $10,000 for the first year. Plus the loss of income. I had been hoping on putting aside about $30,000 by the time our bundle arrives. I guess that is one thing positive about not getting pg right away, another month to save.

Apparently, you can expect about $10,000 for the first year. Plus the loss of income. I had been hoping on putting aside about $30,000 by the time our bundle arrives. I guess that is one thing positive about not getting pg right away, another month to save.

I have also seen the same number as moochmom listed on different websites.. usually first year is between 10,000 and 15,000 BUT that is including nursery furniture and everything else. If you have a shower a lot of things get purchased for you so it actually works out to be a little lower.Â This time around I am saving $200 a month to soften the blow of going on EI (I'm also in Canada) and to buy any little decorations I want for the nursery..Â We lost our first at 21 weeks so I already have most of the essentials for the nursery.. Now I just have to deal with being impatient until we get pregnant again! sigh.Â

I have also seen the same number as moochmom listed on different websites.. usually first year is between 10,000 and 15,000 BUT that is including nursery furniture and everything else. If you have a shower a lot of things get purchased for you so it actually works out to be a little lower.Â This time around I am saving $200 a month to soften the blow of going on EI (I'm also in Canada) and to buy any little decorations I want for the nursery..Â We lost our first at 21 weeks so I already have most of the essentials for the nursery.. Now I just have to deal with being impatient until we get pregnant again! sigh.Â

So sorry for your loss. I hope you soon have a healthy little one to enjoy your nursery.

You're totally right about getting shower gifts, etc. I've always been the type to overestimate costs and then be thankful when it doesn't turn out to be that expensive. Sadly though, I think it's much more difficult to contain baby shopping when everything is so darn cute.

Good luck to us all.

So sorry for your loss. I hope you soon have a healthy little one to enjoy your nursery.

You're totally right about getting shower gifts, etc. I've always been the type to overestimate costs and then be thankful when it doesn't turn out to be that expensive. Sadly though, I think it's much more difficult to contain baby shopping when everything is so darn cute.

I just had my son. I needed $6,000 for my 10 week maternity leave to supplement salary and $3,500 for medical bills after insurance. A full stocked nursery and clothes for the first 3 months was $1,500. I unfortunately didn't produce milk to breastfeed, formula is $40 per week. My son is 8 weeks old, by one year old we will easily have spent $15k. We buy gently used, don't go crazy on clothes and are cloth diapering. Babies aren't cheap!

I just had my son. I needed $6,000 for my 10 week maternity leave to supplement salary and $3,500 for medical bills after insurance. A full stocked nursery and clothes for the first 3 months was $1,500. I unfortunately didn't produce milk to breastfeed, formula is $40 per week. My son is 8 weeks old, by one year old we will easily have spent $15k. We buy gently used, don't go crazy on clothes and are cloth diapering. Babies aren't cheap!

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